Brief: Kaizen and HPX agree to convert outstanding loan into common shares of Kaizen

Kaizen Discovery

16/09/2016 04:58

Sept 16 (Reuters) - Kaizen Discovery Inc  KZD.V : 
    * Kaizen and HPX agree to convert outstanding loan into 
common shares of Kaizen 
    * Agreed with HPX to convert full amount of principal and 
interest owing on loan facility provided to Kaizen by HPX 
    * Loan totaling approximately C$5.07 million, will be 
converted into common shares of Kaizen at conversion price of 
C$0.1575 per share 
    * As a result of conversion, amount owing on loan facility 
to be reduced to zero and Kaizen will issue 32.2 million common 
shares to HPX 
 
Source text for Eikon:  ID:nCCN4LGZ8Y  
 
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